Listing Details
- Listing Exchange NSE SME
- Listing Date 14-Jun-23
- IPO Price Range ₹ 180
- Listing Price ₹ 201
- Listing Change 11.7%
- Last Traded Price ₹ 309
- Current Change 71.7%
Kore Digital IPO Details
- Open Date 02-Jun-23
- Close Date 07-Jun-23
- Lot Size 800
- IPO Size ₹ 18.00 Cr
- IPO Price Range ₹ 180
- Min Investment ₹ 144000
- Listing Exchange NSE SME
- Basis of Allotment 12-Jun-23
- Refunds 13-Jun-23
- Credit to Demat Account 14-Jun-23
- Listing Date 15-Jun-23
Kore Digital IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 2 June'23 | - | 4.09 | 0.18 | 2.24 |
| 5 June'23 | - | 4.29 | 1.05 | 2.75 |
| 6 June'23 | - | 5.27 | 4.64 | 4.97 |
| 7 June'23 | - | 44.86 | 33.26 | 39.46 |
Kore Digital IPO Synopsis
Kore Digital is a Telecommunication Infrastructure Provider its IPO opens on 2nd June and closes on 7th June.
The issue consists of a fresh issue of 1,000,000 shares aggregating up to ₹18.00 Crores. The price band for the issue is fixed at Rs.180 per share. The lot size is set for 800 shares per lot. The shares will be allotted on the 12th of June and the issue will be listed on the 15th of June on the stock exchanges.
The book-running lead manager to the offer is First Overseas Capital Limited.
Objectives of Kore Digital IPO
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet the Working Capital requirements
2. Investment in Strategic Acquisition / Joint Venture
3. General Corporate Expenses.
About Kore Digital
Kore Digital Limited operates as a Telecommunication Infrastructure Provider. The company was set up with the objective of offering high-end communication solutions to corporate and Telecom Network Operators.
Kore Digital primarily operates in Maharashtra. They offer services like installing and commissioning Poles, Towers, and Optical Fibre Cable (OFC) Systems in Maharashtra.
Peer Comparison
● Suyog Telematics Limited
For More Information:
Webstory on Kore Digital IPO
Kore Digital IPO GMP
Kore Digital Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 1,694.45 | 397.91 | 87.61 |
| EBITDA | 312.53 | 40.91 | 1.82 |
| PAT | 217.97 | 25.93 | 1.82 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1,441.57 | 584.81 | 188.66 |
| Share Capital | 1 | 1 | 1 |
| Total Borrowings | 79.72 | 21.96 | - |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 124.05 | 25.88 | 3.34 |
| Net cash from / (used in) investing activities | 0.52 | (37.37) | - |
| Net cash flow from / (used in) financing activities | (5.97) | 21.20 | - |
| Net increase (decrease) in cash and cash equivalents | 118.60 | 9.71 | 3.34 |
Kore Digital IPO Key Points
-
Strengths
a)Established Optic fiber network in Maharashtra
b) Efficient Business Model
c) Co-ordial relationship with suppliers and contractors -
Risks
a) There are certain outstanding legal proceedings involving Promoter and Promoter Entities that may adversely affect business, financial condition and results of operations.
b) Delays in the acquisition of the rights of way permission from government or local authorities may adversely affect the timely performance of the contracts and lead to disputes and losses.
c) The company had negative cash flow from certain activity in recent fiscals
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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- PAN Card
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Kore Digital IPO FAQs
What is the minimum lot size for the Kore Digital IPO?
The minimum lot size for the Kore Digital IPO is 800 shares.
What is the price band of the Kore Digital IPO?
The price band of the Kore Digital IPO is Rs.180.
When does the Kore Digital IPO opens and closes?
The Kore Digital IPO opens on June 2, 2023 and closes on June 7, 2023.
What is the size of the Kore Digital IPO ?
The Kore Digital IPO comprises of a total issue of 1,000,000 shares (aggregating up to ₹18.00 Crores)
What is the allotment date of Kore Digital IPO?
The allotment date of Kore Digital IPO is 12th June 2023.
What is the Kore Digital IPO listing date?
The listing date of Kore Digital IPO is 15th June 2023.
Who are the book runners for Kore Digital IPO?
First Overseas Capital Limited is the book runner of Kore Digital IPO.
What is the objective of Kore Digital IPO?
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet the Working Capital requirements
2. Investment in Strategic Acquisition / Joint Venture
3. General Corporate Expenses
How to apply for the Kore Digital IPO?
To apply for the Kore Digital IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Kore Digital IPO
Contact Information
Kore Digital Limited
B 1107-1108, Shelton Sapphire Sector 15,
CBD Belapur
Navi Mumbai Thane 400614
Phone: +91 6354458154
Email: cs@koredigital.com
Website: http://www.koredigital.com/
Kore Digital IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Kore Digital IPO Lead Manager
First Overseas Capital Limited